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16479 North Dallas Parkway Racks up Tenants
Bent Tree Tower II, an eight-story office building located at 16479 North Dallas Parkway in Addison, was bought out of foreclosure by Regent Properties in 2012. The building has seen a flurry of leasing activity over the past year following a major renovation. In December 2013, a combustion equipment manufacturer inked a 10-year, 20,762 SF lease in the building, with rent in the high teens PSF. The company's rent is in line with a community bank, which leased 4,696 SF early in 2013. A healthcare IT firm, along with construction consulting company, also signed leases in mid-2013, taking 3,238 and 12,911 SF, respectively. Both firms are paying rent in the high teens PSF.